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's called for $1.4 trillion of revenue. that cannot pass the house or the senate. >> chris: president obama and house speaker boehner continuing to play and replay their roles in the ground hog day drama of the fiscal cliff. we're back with the panel. so i'll keep asking for bret will ask this until we don't have to ask anymore. progress today? >> wasn't much. wasn't much at all. one possible way out for republicans on this is to agree to the buffett rule, which would set a minimum tax. 30% on millionaires and above. that way you don't raise them on everybody. what i found fascinating today is you look outside what is happening in the internal negotiations and you see pressure on the white house. nancy pelosi guess on an assault in an op-ed today about raising the age on medicare. we are not doing that. off the table. you see jay rockefeller, whenly waxnan the house saying do not touch medicaid, by the way is bankrupting the states and squeezing education money and school money. so they have taken those off the table, which leads maybe cost of living adjustment on medicare and social securi
for reelection, governor snyder will face the voters in two years. >> pelley: thanks, elaine. president obama and house speaker john boehner talked by phone today about the so-called fiscal cliff-- those tax hikes for most americans and massive spending cuts that will kick in the first of the year unless two strike a budget deal. a republican source tells us that the president has cut his demand for more tax revenue from $1.6 trillion to $1.4 trillion, but the source said that the lower figure is no more acceptable to republicans. but the negotiations continue in private. the united states has a lot at stake in the syrian civil war. president obama has suggested that american firepower might be needed to prevent the dictatorship from using chemical weapons. we've learned that tomorrow the administration will endorse one of the rebel groups that is now fighting to overthrow bashar al- assad. who are these new american allies? clarissa ward found their leader in brussels. >> reporter: moaz al-khatib is the man chosen to lead a newly formed coalition of syria's opposition groups. what does it me
and in his first post-election interview president obama again rejected the house republican counteroffer that is on the table. >> unfortunately the speaker's proposal right now is still out of balance. we're going to have to see the rates on the top 2% go up and we're not going to be able to get a deal without it. >> let's hope he sticks to it. >> g.o.p. leaders aren't only dealing with the president and congressional democrats they're dealing with a split within their own ranks. more conservative republicans don't want party leaders to compromise anymore than they think they already have. even though the republican plan offers up $800 billion in new taxes without upping tax rates at all tea party leaders say higher taxes shouldn't be in any form because it is not what republicans stand for. south carolina senator jim demint went so far as to call on supporters of his senate conservative fund to call senate republicans and ask them to oppose what he's calling the boehner tax hike. the looming question for re
negotiations? not so much, at least in the past few days. we know president obama and house speaker john boehner had a one-on-one meeting, right, on sunday, their first since mid-november. what were the details from that meeting and from the ongoing discussions? they're not really -- both sides are not really being forthcoming with what the substance of those conversations, both sides yesterday, the white house and the republican leadership put out statements. they're essentially the same. i'll read just one from boehner's press secretary. discussions with the white house are taking place but we have no detail to share about the substance of those conversations. the republican offer made last week remains the republican offer and we continue to wait for the president to identify the spending cuts he's willing to make as part of the balanced approach he promised the american people. so, of course, that coming from the republican side, the president obviously saying he's waiting for something, too, john. he's waiting for the republicans to identify the specific details of that $800 billion
house and congress had three weeks to reach a deal on the dispool cliff as president obama, house speaker boehner and their aides hold private talks americans wait to see if their tax rate will go up january 1st. for some without a job they risk losing unemployment. kyung lah talks with a woman who has been out of work a year while trying to raise two children. >> reporter: liz calls it a financial freefall. >> i wish i wasn't in this situation but it is what it is, and i could just do what i can. >> reporter: de bats lost her job as a new home sales manager last january. on an old laptop with a broken cord she keeps track, averaging 15 applications a day, at age 54, this is the first time she's ever been on unemployment. she's emptied out her 401(k), her savings and now the last resort, the emergency federal jobless program has department de bats in her town home giving her $450 a week. on december 29th unless the congress acts, the money stops. >> we're not living off the system. it's not a luxury to be on unemployment. it's a means to keep us going. >> reporter: the fear of the
/european time. >>> u.s. budget talks have intensified. president obama and house speaker john boehner spoke by phone tuesday after exchanging new proposals. aides confirm the president gave boehner a revised offer on monday, reducing demand for new tax revenue from $1.6 trillion to $1.4 trillion over the next decade. boehner responded with a plan that largely sticks by his original offer a week ago. reports say the white house has told republicans it would include an overhaul of corporate taxes in any budget deal which it hasn't put on the table before. in an interview with abc news, president obama says he still expects a deal before the end of the year. >> i remain optimistic that there are enough people of goodwill who recognize the economy will be better off. american families will be better off if we get this done. the most important thing we can do is make sure that middle-class taxes do not go up on january 1. i'm confident that republicans would not hold middle-class taxes hostage to try to protect tax cuts for high income individuals. >> you see president obama's full interview wit
are you learning? >> reporter: i'm learning that president obama and house speaker john boehner had a phone conversation late today. we do not have a fiscal deal. there's been no significant movement as a result of this, it's meaningful, the two men have not spoken in a week exactly. their last phone call was last wednesday, as you know, speaker boehner presented a plan on monday and after that was rejected by the president. in an interview, there was no communication between the white house and republicans until this phone call between these two men. wolf, this comes the same day that secretary geithner said publicly for the first time, that the u.s. would be willing to go over the cliff if republicans do not agree to raise tax rates on the top two percent of earners. it's my understanding that republicans have not agreed to raise those rates and the white house is not negotiating essentially, wolf, until they see republicans make that move. >> jeszic ka, the things obviously could be getting more complex as you know, president obama wants to add the debt ceiling to the multiple is
when spending cuts and expiring tax break could tank the economy. president obama met with house of representatives speaker boehner over the weekend. we did not hear anything from either one of them so folks could think a deal is in the works. and now, speaker boehner is pointing the finger at the democrats and harry reid says it will be hard to get anything done before christmas. we will get our shopping done and hold you accountable later. and now, mike, speaker boehner said the meet was friendly but not productive. >>reporter: you get a sense that president obama and speaker boehner get along fine but today boehner hammered the president essentially making the point that if he got the tax increases he wants, we would still face trillion dollar deficits. here is more from speaker boehner on cutting spending. >> the president doesn't agree with our approach, he has an obligation to put forward a plan that can pass both chambers of the congress. right now the american people have to be scratching their heads and wondering when the president will get serious. >>reporter: you hear
the country needs to be substantively. that is not true of house democrats but with obama, i believe, substantively. chris: i wish you could tell me quickly, why does boehner care so much about the top bracket and the rate? >> because he's authentically a conservative and believes that rates -- higher rates just mean a green light for democrats to expand the role of government. chris: republicans suspect that all democrats want is a larger to spend more money. >> to spend more money and they believe it hinders growth if you have a higher tax rate but you'll see democrats pop up with other issues -- concern about extending unemployment benefits for those out of work the longest which is expensive for the government as well as family farms and the estate tax is popping up again. chris: let's look at how big a deal we will look at. we put it to our matthews meter. does it look like the eventual deal will be a grand bargain to put the debt issue to bed or something short of that. it's unanimous, everybody there said it's the second choice, not a grand bargain. kelly, are you surprised? w
. house speaker john boehner hittinging the house floor a short while ago. president obama wants the house to allow tax increases, tax rate increases on families earning more than $250,000 a year. house republicans have an offer on the table. they say they're waiting on the president. >> the president doesn't agree with our approach, he has got an obligation to put forward a plan that can pass both chambers of the congress. because right now the american people have to be scratching their heads and wondering when will this president going to get serious? >> we're basically looking at the same impasse today we were looking at a couple of weeks ago but there is some talk at least beyond fiscal issues in the country on capitol hill. we met up with the incoming chairman of house financial services committee and asked him about the idea going around washington whether or not we should break up the big banks? >> there is certainly a role for the city banks and jpmorgans in the world. i meet with a lot of smart people. i haven't had anyone smart enough to tell me what the optimism size after bank
progress in the fiscal cliff standoff. officials say president obama and the house speaker john boehner talked by phone tonight after each put new offers on the table. we are live in d.c. with the late breaking details on that. plus, we're getting more new reports from portland, oregon where there has been a series of shootings at the clackman's center mall. we can now report that multiple witnesses are saying to multiple television stations that a gunman had a rifle that more than 60 shots were fired and this is new. he was trussed in camo and wearing a mask and to the best of our knowledge, he is still in there somewhere. continuing breaking news coverage after this. ory keeps c. ory keeps c. so i'm not listening... to anyone but myself. i know better nutrition when i see it: great grains. great grains cereal starts whole and stays whole. see the seam? more processed flakes look nothing like naturalrains. you can't argue with nutrition you can see. great grains. search great grains and see for yourself. for multi grain flakes tt are anxcellent source of fiber try great grains banana n
has announced that the house gop has sent a counteroffer on the fiscal cliff deal to president obama. let's go right to rich edson for more on this breaking story. rich? >> aides say this is an exchange of partial proposals to try to get the ball moving a little bit after some type of impasse over the last few days. this is basically an offer that the house republicans say they have just sent to the white house but there are still major difference ares here. this is from a boehner spokesperson saying the longer the white house slow-walks this process the closer our economy gets to the fiscal cliff. there is major business lobbyist out there telling us right now the discussions are focusing on process. how do to it. not necessarily substance. so there are no details on what these offers exactly state. they're not even really getting out on capitol hill right now. so we're still watching it to maintain. again you've got the exchange of partial offers at least coming out of the white house and from house republicans but they still remain fairly far apart. melissa: rich, you have been ri
specifics of that meeting between president obama and house speaker john boehner, but here is another thing to remember is that despite the fact that you have this deadline at the end of the year, the deadline really is about five days before christmas, right about the 19th or the 20th, because you need legislative days to make the legislative sausage work up here on capitol hill even though you can't see it behind me, they need time to make it all come together legislatively. jon: thank you. be sure to catch bret tonight anchoring special report at 6:00 on fox news channel. jenna: we will be talking a little bit about the man of accused murdering people inside a kroeud movie theater. what is happening while he's back in court today. it's the first time we've seen him since he reportedly tried to kill himself in jail. the latest, a live report from colorado coming up. also we watched together on friday a world war ii fighter jet being brought to the surface after sitting at the bottom of lake michigan for more than 6 5:00 years. where its headed now, and what about the other reported 80 pla
says president obama believes he can cut a deal with house republicans to keep from all going over the fiscal cliff. the president is refusing to compromise on letting tax cuts expire on incomes of more than $250,000 a year. g.o.p. leaders are calling that a job killer and a deal breaker. of course, if we fall off the fiscal cliff, we'll all die, right? actually, taxes will go up for pretty much everybody and automatic spending cuts kick in on knew year's day. the president and the house speaker met face-to-face just yesterday for the first time since the election, but are they talking about it? no. today an aide said the speaker is willing and still waiting for counteroffer from the president. ed henry is live at the white house. i don't know, ed. a meeting happens and nobody says anything. this could be seen as something more good than bad. >> reporter: exactly. because they didn't come out of the meeting beating each other up and saying i'm never going to sign a deal with the other guy. the fact that they're keeping this quiet, hush hush for now in terms of the details of what t
echoing mitt romney that he's in la jolla and barack obama is in the white house because obama depended on people who were dependent on government. it is just the handout, the takers are the ones who elected barack obama. >> right. the gifts argument. i think there has been a split on the language of this, whether or not the actual ideals of it. the language, split since romney lost and made his little gifts comment after the election. >> bill: that obama won by handing out gifts to the constituencies. >> minorities, women. just gave them -- best example is gave women contraception for their votes. that's potentially -- basically what they said. sununu yesterday or i guess it was tuesday night said that he said the same thing. he was like if you look at this, it wasn't about message. we didn't lose because of message. we lost because -- >> bill: didn't lose because they had a lousy candidate. >> we lost because of the hold-in to obama and what they can give him. >> bill: they're just in denial, right? >> wh
. >> president obama and house speaker john boehner cannot reach a deal. now to the conflict in syria and new reports out of britain say the u.s. is launching an operation to armed rebels. sources telling antitank missiles will be sent through friendly countries. it comes as rebel forces make advances. the fight is far from over for citizens. richard engel has the latest from inside syria. >> parts of syria controlled by the rebels, there's no talk of the diplomatic efforts. the trips and leadings of hillary clinton with the u.n. and her russian counter part, there's no hope here for a diplomatic solution. instead, what people talk about is the suffering of the people. the people are showing tremendous resilience. this house was bombed by mistake. the people that live here live next to a rebel commander. now, they are homeless. there's tremendous economic difficulties here. the syrian currency is worth half of what it was worst when the war began. a loaf of bread cost 20 times what it did months ago. the rebels are making advances. they hope to soon control the city, the commercial capital. a
's what we know right now. we have just 20 days left for the obama administration and house speaker boehner's office to reach a deal on the fiscal cliff. while talks continue privately between both, no public details of progression toward the compromise have been released. in the last hour, our guest, tony fratto who is the former press secretary and jerry bernstein agreed that we would likely get some sort of a deal, just perhaps not in a form that was widely expected. joining us right now is the first of many lawmakers we'll be speaking with today, texas congressman jeb hensarling who is also the incoming chairman of the house financial services committee. and mr. chairman, first of all, congratulations. >> thank you. good morning. >> good morning. thanks for being with us today. >> happy to do it. >> we hear all of this talk, we hear all the talk that's been leading up to this point. we know it's gone a little quieter at this point. maybe that's a good thing. i also know you've been pretty firm about this. you've said that elections do have consequences. the president is getting
're also learning new details of the latest phone call between president obama and house speaker john boehner did not go well. i'm wolf blitzer. you're in "the situation room." >>> we begin with today's long-range rocket launch that's managed to put a satellite in earth's orbit. here's why it is important to all of us. even though north korea is one of the poorest countries and many people are starving there, the korean peninsula is the most tense, most dangerous places on earth. there are roughly one million north korean troops on it is side of the militarize zone separating from south korea. as well as nearly 30,000 u.s. forces. not only are they within strikes distance of the launch site, a long-range rocket shows north korea is on its way to developing technology to launch a rocket at the united states's west coast and hawaii. officials tell cnn that the working assumption is that the north koreans got outside help from others, including iran. so today's launch is raising some huge concerns. let's go to our pentagon correspondent barbara starr. i assume they are pretty surprised a
, president obama rejected a proposal from house speaker john boehner. he spoke on bloomberg television. >> unfortunately the speaker's proposal right now is still out of balance. i'm happy to entertain other ideas that the republicans may present. but we are not going to simply cut our way to prosperity or to cut our way out of this deficit problem that we have. we're going to need more revenues. in order to do that, that starts with higher rates for the folks at the top. >> reporter: the president did say today he would consider lowering rates again for the top two percent next year as part of a broader tax overhaul. the house republican plan envisions $2.2 trillion in deficit reductions over the next decade. $800 billion would come from new revenues but with no hike in tax rates for top earners. instead the plan reles on .2 trillion in reduced spending including $600 billion from changes in medicare and medicaid. at the white house today, the president met with a bipartisan group of governors pressing his own plan for deficit reduction. that proposal, $1.6 trillion in revenue from ta
-- monday night at 8:00 eastern on the communicators. >> president obama and house speaker john boehner met at the white house today to discuss ongoing negotiations over the impending fiscal cliff. both men agree to not release details of the conversation. last tuesday, former joint chiefs chairman admiral mike mullen called on congress to avert the so-called fiscal cliff and lay a framework for a debt reduction and economic growth over the next two years. he spoke of a forum hosted by the coalition for fiscal and national security. this is about 45 minutes. >> all set? good afternoon. thank you for coming. my name is pete peterson. i want to give you first a review of our foundation and why we are supporting the project you will hear about today. starting about 30 years ago, after starting the profound demographic trend and the vast unfunded promises we had made, i decided that our projected long term, and i emphasize long-term paths were not only unsustainable but the primary threat to our future. speaking of unsustainable, in the next white house in which i served, the chairman of the co
's so much speculation about sunday's meeting at the white house. president obama and john boehner, mano y mano, eric cantor wasn't there nobody else in the room with him. and what does it mean, if anything? >> i think it means that they're at least talking and neither of them came out afterwards and said, you know, we're -- there's no chance for a deal. i think the less we hear in terms of a deal being made, the better. the fewer the leaks the fewer the complaints. the more the likelihood we get a fiscal cliff agreement at some point. there's still obviously the chance we go off the cliff. i think that's pretty unlikely to come to some arrangement on the tax increases. offset by entitlement reforms. the big question is what would democrats agree to and can the president bring them all along? he had that conversation with harry reid from air force i yesterday, i believe. which is significant in the sense that if we believe he's now trying to craft some sort of compromise deal, the democrats will accept, that
of national intelligence today showed congress the video proving the obama add -- administration misled the american public on benghazi. there was a classified video of the attack presented to the house arms services committee. that video showed an attack by heavily armed terrorists who breached the compound in benghazi within just minutes. we have the full report here tonight straight ahead. among the guests, former u.s. ambassador to the united nation, john bolten, judith mill eric and ed qlien. we begin with the closed door briefs on benghazi that lawmakers say raises more questions than ever that the obama administration insisted the attack was the response of a demonstration prompted by rage over an anti-islam video. fox news correspondent with the latest on what lawmakers saw and heard today from the country's top intelligence officials. >> the closed classified briefing brought together seen your state department, intelligence, and counterterrorism officials for a report on the three-month old investigation into the benghazi terrorist attacks. >> to the degree there was planning
house. [ laughter ] >> stephanie: president obama has met with msnbc host along with other progressives -- was i invited no. can anyone even imagine if fox news had stopped by the bush white house to discuss policy? they would have been rightly outraged. [ wah wah ] >> rush limbaugh sat in george bush senior's box during the convention. >> stephanie: an influential group of conservative radio hosts including laura ingraham. >> imagine if we had down that. [ mocking whining ] >> to the right. >> >> stephanie: the "stephanie miller show" has no information as to whether laura ingraham likes her hair pulled during sex. if she does it's to the right. all right [ inaudible ] go ahead. >> caller: our president is doing so bad, but yet apple wants to move the factory here. >> stephanie: exactly right. unemployment dropped to the lowest in four years. >> caller: yeah, so i mean these guys are all hot wind. they are trying to push the statute of liberty over the cliff, and it is not happening. >> reality has a liberal bias. >> stephanie: that's a disturbing image
up fiscal cliff, we're now seeing house speaker boehner discussing the issue from the house floor. the first time he's commented publicly after meeting with president obama sunday. let's listen. >>> right flonow the american people have to be wondering when is the president going to get serious. i yield back. >> the chair recognizes the gentlemen from pennsylvania mr. altmire, for five minutes. >> i rise to recognize victor decarlo for receiving the -- >> we have been listening to the house speaker talking about negotiations taking place with the president obviously, a lot of people watching closely, trying to avoid the fiscal cliff which would mean tax hikes for almost all americans but also severe cuts as well. they are debating that publicly as well as privately. i want to talk more about the rebel group that we had mention before in syria, that is now designated a new terrorist organization, cnn's hala gorani joining us atlanta. hala, first of all, you've got the syrian rebels, they're there fighting al assad's government. now the u.s. government, state department, steps in an
? the white house, the cia? rice herself. today in a tv interview president obama pointed fingers at us. >> republicans attacks against un ambassador susan rice boxed you in a corner, would it look like a sign of weakness if you didn't appoint her to secretary of state? >> i don't really spend a lot of time on, you know, what folks say on cable news programs attacking highly qualified personnel like susan rice. i'm going to make a decision about who is going to be the best secretary of state. > >> greta: you heard right. president obama blaming cable news for the ambassador's problem. what do you think about that? go to we're back in ninety seconds. impact wool exports from new zealand, textile production in spain, and the use of medical technology in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. ro price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and conside
like president reagan was in the -pwhite house to call a spade a spade. the obama administration is doing nothing and allow turkey and russia to dance all over the sanctions and lip service against assad. yes, why can't we call the russians out? they were sending 200 tons of currency to pay their generals. why can't we push that openly? russia is teetering pulling away from assad. we need to start to influence rebels about, free syria army. even if assad leaves, russia and turkey are positioning themselves to have significant influence on a regime that will be after assad and it won't be an ally of the united states. melissa: thanks so much for coming on. please have a safe trip. we look forward to having back soon. >> absolutely. thanks, melissa. melissa: this is pretty crazy. look at this video. these are the chrysler employees that were caught red-handed drinking and smoking something on the job in 2010. 13 of them were fired. two were suspended without pay. well, now, they are all back at work. building your cars. thanks to a union-backed arbitrator. as you know, chrysler bor
: the obama administration is now cracking down on states refusing to comply with health care reform. the white house announcing any state that refuses to fully expand medicaid to required levels will not receive full funding under obamacare. this as we learn another state, tennessee, has joined more than a dozen others in opting not to create a state-backed insurance exchange. brad blakeman, former deputy assistant to president george w. bush. brad, is this because the rollout with obamacare is not exactly going as planned? >> you bet. when only 13 states opt in to medicaid expansion. nine states say they won't. there are a bunch of states sitting on the sidelines freting how they will be able to absorb this kind of cost. it is economic duress on part of the administration. they feel only way they can expand their coverage is threatening the states with funds. fact the matter, rick, 70 million people on medicaid. largest expansion of additional 17 million under obamacare. the states can't afford it. 25% of their current budgets are going out to medicaid. and that is going to blow th
: associated press says the white house is signalling president obama is willing to let the country go over the cliff. this is a choice of the republican party if they are willing to do higher rates on the country, there is a lot to talk about, if they are not, they will push us over the cliff. tim geithner said there is no prospect in an agreement that doesn't include the tax rate going up on the top 2% of americans. he said we are not prepared to have the american economy held hostage to periodic threats. >> there you go. >> stephanie: and he pointed out, taxes were the centerpiece of the presidential campaign. he ran on a pledge to repeal these tax cuts. 60% of voters backed obama's reelection, a new poll suggests that -- >> including republicans. >> stephanie: yeah, he said republicans would take the bulk of the blame if this happens. i think we're in a strong position. >> i do too. >> stephanie: every time they talk on tv it's like lost lost lost lost you lost. this is the best thing chris, i have read thus far on this. [ ♪ patriotic music ♪ ] >> stephanie: fi
performance at the white house and will perform in front of president barack obama. some have signed a petition on to say he shouldn't perform. >> the president is supposed to attend that. we'll see. thank you. >>> john travolta and olivia newton john go back to their "grease" roots and pot smokers rejoice. it all happened in five chaotic days. we'll catch you up on the week that was, but first if your cell phone or other tech devices need recharging, new technology makes you the energy generator. cnn's gary tuchman explains in this week's "start small, think big." >> my name is aaron lemieux. i'm founder and ceo of tremont electric and the inven earth of the n power peg >> reporter: designed for hikers, bikers or anyone on the go. >> as you walk along it harvests and stores your human kinetic energy and recharges your mobile electronic devices from the energy that it harvests from you. >> peg stands for personal energy generator. >> demonstrate it simply by standing here and walking in place. >> reporter: aaron lemieux dreamed up the ideas as an engineering student in
- and-forecast showed no sign of letting up today 20 white house and republicans in congress. dr reporter: in his saturday weekly address, president obama nignaled he is open to making cuts on programs like medicare agd medicaid if republicans atree to raise tax rates for the rich. fini'm willing to find ways to cing down the cost of health care without hurting seniors and dther americans who depend on it. and i'm willing to make more entitlement spending cuts on top of the $1 trillion in spending duts i signed into law last year. >> reporter: his remarks came one day after house speaker john aehner announced the talks were stalled. >> well, this isn't a progress report because there's no progress to report. >> reporter: his democratic counter-part, nancy pelosi, blamed boehner for the stalemate. >> what they offered in return nas an empty letter, lacking in the fics. 3 dreporter: such is the state of negotiations 23 days before nhe deadline, when federal era le tax rates will revert to higher, clinton-era levels, a 2% ayroll tax cut will expire, and long-term unemployment benefi
've got some serious differences. >> woodruff: that downbeat assessment from house speaker john boehner came after he and president obama traded fresh offers this week. >> we spoke honestly and openly about the differences we face. but, the president's calling for $1.4 trillion worth of revenue. that cannot pass the house or the senate. >> woodruff: the president originally sought $1.6 trillion in revenue over 10 years, before lowering his target to $1.4 trillion. the money would come from raising rates on the top two percent of wage earners and curbing loopholes. boehner's counter was little changed-- $800 billion in revenues from closing loopholes and capping deductions, but no rate hikes. republicans have also demanded entitlement reform, and in a tuesday interview, the president would not rule out raising the medicare eligibility age by two years to 67. today, his white house spokesman, jay carney, summed up. >> he is willing to make tough choices and he has made clear and specified the spending cuts he is willing to make and he is willing to go further as part of a broader deficit
from the white house. is this a prior to for the president? according to norml the obama administration shut down more than george bush and why is this a prior to a prior to for priority. all i got was the justice administration was reviewing the matter. >> they are going to do nothing. past is prologue. if the state is the player regulation, and we are talking pretty high-techniequipment today, rfid radio frequency id tags used to track the plants from the point of creation to the point of consumption. in colorado they call it from seed to sale. the feds haven't done anything an the state is collecting 50 to $70 million a year in taxes. it's only places like california, unfortunately, where the sacramento did not step up and pass tax and regulation laws where theile sayingnate abhors a vacuum, the federal government goes in there and raids these clubs. if the state is a player, the feds largely are hands-off. >> help me out here. so in washington state and colorado, it's not only legal toto i am bible or to smoke. right? but it's legal to grow
a slightly higher tax rate. >> not so fast, mr. president. president obama says his plan reduces the deficit we $4 trillion over 10 years. forget the fact that it counts war savings which shouldn't count and go with the $4 trillion. house speaker john boehner said his plan cuts $2.2 trillion over 10 years. think about $16 trillion. that's how much debt this country has and according to bill gross, the man who runs the world's biggest bond fund, the guy that decides to lend money to the united states and how much we have to pay to borrow, says we have to cut spending or raise taxes by 11% of gdp over next 10 years and according to gross that's $1.6 trillion a year. that is, let's just make this clear, $1.2 trillion a year more than the president proposes and $1.38 trillion a year more than john boehner has offered. yeah. peanuts. i recently spoke with erskine bowles, the bowles in simpson-bowles and even he agreed that bill gross is right. >> absolutely. he's 100% right. i don't know if 16's number but i would be happier at $5 trillion or $6 trillion because that's what we need to solve the p
. >> eric: and has to originate in the house and right now, john boehner and president obama are miles apart allegedly. it doesn't look like they're gotting any closer. so it's got to go to the house, then gets sent, assuming it passes, to the senate, gets marked up and has to be agreed upon in committees and conference and then eventually gets signed by the president. >> steve: it just takes time. >> eric: there is a holiday. >> gretchen: somebody who had to handle something similarly about a decade ago was rudy guiliani when he was mayor of new york city. he was faced with a circumstance of do i raise taxes? do i cut spending? do i do a combination of both? he was on hannity last night explaining what he ultimately decided to do. >> i was given a report, report said, you have to raise taxes across the board. said nothing about reducing spending. and i said to myself, i wasn't an economic expert then. i became one after being mayor of new york. and i said, this doesn't make sense. if i raise taxes now, i'll have to do it again in two years and then four years, 'cause i'm going to be losing
she has recognized that. policy making is done in the white house by the president. she gets to be the global ambassador at large for the united states. so neither of them is going to be making policy. barack obama is going to be making policy. >> thanks very much, fareed. appreciate it as also. this sunday, don't miss tough decisions, a fareed zakaria gps special where he's going to talk to u.s. leaders about the tough decisions they had to make around the world. this sunday at 8:00 and 11:00 p.m. on cnn. >>> up next, the u.s. postal service, $20 million, that's how much they lose every single day. could this be the post office's last christmas? >>> and an elite navy s.e.a.l. was killed in afghanistan this weekend. the country will be visiting this week. tonight, i ask the chairman of the armed services committee about afghanistan's future. of t. how they'll live tomorrow. for more than 116 years, ameriprise financial has worked for their clients' futures. helping millions of americans retire on their terms. when they want. where they want. doing what they want. ameriprise.
national cable satellite corp. 2012] >> president obama travels to michigan today. he will be speaking to autoworkers in a plant outside detroit about extending the bush tax cuts for the middle class. the president met with john boehner at the white house to discuss a deal to avoid the automatic tax increases and spending cuts that are set to kick in at the beginning of next year. we will have live coverage of the prison in michigan starting at 2:00 p.m. eastern. -- the president in michigan starting at 2:00 p.m. eastern. at 5:30 p.m. eastern, how u.s. debt, economic growth, and baby boomers retiring could lead to political and economic change. also, the u.s. senate meets today to continue debate on extending insurance on higher deposit announced. live coverage begins at 2:00 p.m. eastern on c-span2. the house gavels in a tomorrow. we will have live coverage tomorrow at 2:00 p.m. eastern here on c-span. >> i think people still love discovery. they are ready to find the price -- find surprises. every month or every year i google about some show that people are talking about that you cou
he will offer fresh ideas and serious leadership. >> we need a response from the white house. >> i'm hea here to tell you that nobody wants to get this done more than me. >> it's true that president obama won reelection and i congratulate him on his victory, but on january 20th, he'll face a stagnant economy and a fiscal mess. >> our people in an overwhelming way supported the reelection of this president, and there ought to be a quid pro quo and you ought to exercise leadership on that. >> you want the answer to solving the fiscal cliff? we put an offer on the table. the president now has to engage. >> you might even say he'll inherit these problems. >> the president is going away for christmas. he's going to hawaii for 20 something days. where am i going to be? where are my neighbors going to be? we're not going to have a place called home. where is the help? >> what's holding us back right now is a lot of stuff that's going on in this town. >> after the election of jimmy carter, he went to washington, d.c. and came back home with some bacon. >> that's right. >> that's what you d
both houses of congress in '94. reagan got clobbered and republicans lost 62% in 1982. if it's bad enough you don't get to a second term. there's a certain laziness. that said, if you look where obama is now and look at what could afflict him in the second term. you already see things down the road. if iraq and afghanistan go south, his decision to end american participation in those countries is going to be seen as a great mistake. if the arab spring turns into a nuclear winter, those decisions are going to afflict his second term. all i'm saying is take a breath before you do a universal theme all presidents are afflicted by a second term. >> of course, we know all presidents are afflicted by a second term and talk about the president's second term course. we're not suggesting the president was arrogant or his people were arrogant, there is -- you've been through so much four, five years into it, is there an exhaustion from not seeing your family, from not eating right, from not living right. you get ground down. >> absolutely. there is that reality, not only the president himsel
on this, trust me. but as house speaker john boehner reminded us just a short time ago, there is still no deal on the table. he and president obama spoke on the phone late yesterday after trading offers back and forth, and although there is a lot of talking going on, they haven't necessarily agreed on anything yet, certainly not that they're making public. this is what the white house's offer looks like as it stands. a $1.4 trillion request for new tax revenue. that is down from the last offer which was a request for $1.6 trillion in revenues. still too high, though. it also includes some new stimulus spending, an increase in u.s.'s borrowing limit and a plan to overhaul the corporate tax code. here's what speaker boehner said last hour. >> his promise to bring a balanced approach to solving this problem is mainly tax hikes. and his plan does not begin to solve our debt crisis. it actually increases spending. our plan meets these standards, it cuts spending and paves the way of real job growth in our country. in the five weeks since we signalled our willingness to forge an agreement wi
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